Established in 1958 by Dharmsinh D. Desai, Apar Industries (APARIND) belongs to Apar group. The company is engaged in the business of providing value-added products and services in power transmission conductors, petroleum specialties and synthetic rubbers. The special oils refinery division established with technical collaboration from Sun Oil Company, USA is the largest producer of poweroil transformer oils in Asia and Far East. It also offers other specialty oils for the rubber, tire, steel, aluminum, petrochemical, automotive and other industries. The conductor division is the largest producer of powerline aluminum and alloy conductors in Asia having strategic partnerships with ABB and other global majors for power transmission projects.
The polymer division manufactures Aparene and Powerene synthetic rubber and rubber latex with technology inputs from Good Year Tire & Rubber Co., USA. APARIND has a 28,500 MTA capacity in Valia, Gujarat for nitrile polymers. The conductor (50,000 MT) manufacturing activities are concentrated in Silvassa and capacity to increase to 60,000 MT. It has three oil-refining facilities around Mumbai with a capacity of 200,000 kiloliters. All manufacturing units are ISO 9001 and ISO 14001 certified. Apar Industries received a contract from Adani Power for manufacture and supply of ACSR conductors for approximately Rs 1,300 million. It has a 50:50 JV with ChemateK SpA, Italy for marketing oils. APARIND has bagged export orders for aluminum conductors for power transmission lines from turn-key operators based in North Africa and Kazakhstan for approximately Rs 1,115 million. The registered office of Apar Industries is located at Vadodara, India.
Financials
The company disclosed rise of 12.29% in standalone net profit on y-o-y basis to Rs 249.46 million, while total income climbed 24.69% y-o-y basis to Rs 6.49 billion for the quarter ended December 2010.
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